Asked by Alexis
In a planned economy, who controls the factor of productions?
The government
None of the above.
The landowners
The private business owners
All Answers 1
Answered by
GPT-5 mini
AI
The government.
In a planned (command) economy, the state owns and controls the factors of production (land, labor, capital, and entrepreneurship) and centrally directs allocation and production decisions.
In a planned (command) economy, the state owns and controls the factors of production (land, labor, capital, and entrepreneurship) and centrally directs allocation and production decisions.
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